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salome belasco

Lok Jack GSB to host the Founding Father of Industry 4.0 at DLIC 2020

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The UWI – ALJGSB will feature the originator of Industry 4.0, Henrik Von Scheel at the annual Distinguished Leadership and Innovation Conference (DLIC) on May 8th, 2020 at the Hyatt Regency, Port of Spain. Hailed by Financial Times as one of the leading authorities on strategy and competitiveness, he is notorious for his personal involvement to define the core differentiating, competitive aspects and to identify how to innovate and where to transform. As one of the most influential business thinkers, his work has been applied to national economies, influenced GDP growth, reset policies in governments, set standards currently applies by 26 NATO members, ignited hyper growth in companies and fuelled the profit of fortune 500 companies. Von Scheel will discuss putting Industry 4.0 into practice to shape the future and growth of organisations and of the nation. 

The emergence of Industry 4.0 continues to gain momentum with the development of technologies fondly known as artificial intelligence (AI), data analytics and the Internet of Things (IoT). Organisations will be challenged to reinvent their businesses, with customer centricity and experience at the core of every solution.  Leaders will be required to champion innovation in an eco-system reconfigured for employees to explore lateral functions and multi-disciplinary roles. Data analysis will become the backbone of future business and traditional businesses are being forced to dismantle silos and adopt more collaborative frameworks, encouraging agility and preparedness for global markets. Combining smart technologies with industrial platforms and practices, will achieve faster, more flexible and efficient processes to increase quality and reduce costs. Are you ready to harness the potential of Industry 4.0 within your organisation?

For further information, or to register at the early bird rate, please click here: https://bit.ly/36mjHs7 or contact the Conferencing team via 645-6700 ext 299 or  email conferencing@lokjackgsb.edu.tt

Lecturer of Master of Information Systems and Technology Management recognized as one of BT150 for Re-inventing the modern organization through digital transformation

By | Master of Information Systems and Technology Management, News, What's New | No Comments

Congratulations to Mr. Arthur Phidd, lecturer of Master of Information Systems and Technology Management programme at UWI-ALJGSB for being one of 150 global executives for being recognised for reinventing the modern organisation through digital transformation in 2020. Each executive selected for this initiative demonstrated excellence in responding to disruptive forces while enabling teams to succeed through the creation of new exponential business models, a key challenge moving into 2020.  Mr. Phidd is also the SVP Chief Information Officer at BNB Bank, located in Hauppauge New York.

Additionally, the leaders who were selected for this would have built effective teams who can disrupt, fund innovation and build new models that are transitioning the modern workplace. Their stories are a reflection of the industry showcasing the era of the growing digital maturity.

For more information on the Master of Information Systems and Technology Management programme, speak to an academic advisor at 868-645-6700 ext. 200.

 

Lok Jack GSB awards NSSEC top three and divisional winners scholarship

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The UWI-Arthur Lok Jack Global School of Business continues to strive towards their objective of being a school that contributes to innovation and youth entrepreneurship development by being the proud educational partner of the National Secondary School Entrepreneurship Competition (NSSEC), a seven week entrepreneurship simulation which took place at their North campus. There were over 600 students that worked hard to complete the simulation and learned skills that will last a lifetime.
NSSEC was a business simulation competition where youths acquired business training and development. They gained hands-on experience that helped them to put into practice classroom theory while using premier business simulation training. The competition was administered using a business simulation software called: Innovative Learning Solutions’ Marketplace Live (ILS) which is synced with the authentic learning model of the Lok Jack GSB.
Being a proud educational partner of the NSSEC for its third year, Lok Jack GSB presented the top three winners with 75%, 30% and 20% scholarships and 10% scholarships for the divisional winners for the Bachelors of International and Sustainable Business for the year in which they’ll be eligible to begin.
 
We’ll like to extend our  congratulations to the winners of the scholarships on their victory at the National Secondary School 
Entrepreneurship Competition. Bishop Anstey POS group 2 (1st place) Cowen Hamilton group 2 (2nd place) and Bishop Anstey group 1 (third place).
As the Lok Jack GSB continues to diversify and expand as a school we’ll continue to partner with institutions that promote such developments with our youths.
 

For more information email: a.montas@lokjackgsb.edu.tt or call 645-6700 ext. 341

About Us:

The Arthur Lok Jack Global School of Business was established in 1989 as a joint venture between The University of the West Indies and the private sector of Trinidad and Tobago to provide postgraduate education in business and management. Today, Lok Jack GSB is recognised as the premier institution for the provision of business and management education, training and consultancy services in Trinidad and Tobago and the wider Caribbean region. The motto Innovatus Ars Ducendi, means Innovating the Art of Leadership.

Procurement/Supply Chain Risk in Trinidad and Tobago: A case of life and Death?

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With African swine fever wiping out a quarter of the world’s pigs, primarily in China, doctors and drug makers around the world are sounding the alarm about a possible prolonged shortage of heparin, a critically important blood thinner. The drug, derived from pig intestines, is widely used to treat heart attacks and prevent deadly blood clots. China has been the primary source of the medicine, and the crisis there highlights a need to develop alternate supplies.  

So why was this “alternate supply” not identified (maybe as a “what if” scenario?) before this problem occurred?

What’s the supply like now? 

A U.S. congressional committee asked the Food and Drug Administration in July to monitor heparin supplies, noting a six-to-nine-month lag time before a shortage could affect the U.S. market. The agency said in October that there had been no impact. That might be because the outbreak caused a pig-killing frenzy that initially yielded plenty of heparin. However, as the number of hogs slaughtered in China falls, so too will the volume of the raw material. Drugmakers including Germany’s Fresenius SE and South Africa’s Aspen Pharmacare Holdings Ltd. have mentioned shortages linked to rising prices. Fresenius’s Kabi unit told its U.S. customers in July that it put heparin on a protective allocation list due to a potential shortage. Massachusetts General Hospital warned in August of an impending global shortage; the chief of its emergency preparedness team said stock levels were so low at one point that the Boston center was two weeks away from having to cancel lifesaving cardiac surgery.  (Bloomberg News)

Is the Ministry of Health monitoring this?

How effective are your procurement risk assessments?

Semester at Sea

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Every voyage, the Semester at Sea International Field Programs Office works with in-country partners, UWI-Arthur Lok Jack Global School of Business (UWI-ALJGSB), to recruit one to two outstanding university students from select port countries on the voyage itinerary to act as Interport Students (IPS). These students travel to the previous port on the itinerary, board our ship – the MV World Odyssey, and sail with the shipboard community to their port country. Two students were selected from our Bachelor of International and Sustainable Business programme, Julia Harripersad and Okera Duncan. They will sail from Brazil on November 15 to arrive in Trinidad on November 24, 2019.

Julia Harripersad, current student of Bachelor of International and Sustainable Business

Okera Duncan, current student of Bachelor of International and Sustainable Business

The primary role of the IPS is to act as a peer in cultural exchange, and provide shipboard staff and faculty with a native informant deeply familiar with the port country or city. During their time aboard the MV World Odyssey, Julia and Okera may do any or all of the following:

Responsibilities: 

  • Participate as a visitor in shipboard courses – offer personal insights from their experience growing up, living, working, and attending school in their home country
  • Share meals with student clubs or other members of the shipboard community
  • Assist the Field Office and Administrative Team with questions pertaining to their home country
  • Give a presentation on a topic of cultural or logistical interest or a topic of their passion / choosing (ex: things voyagers can see and do in port, an upcoming holiday celebration in their home country, an interesting community service initiative at their university, different types of local or regional cuisine, etiquette, etc.)
  • Host informal language lessons (if applicable)
  • Potentially assist a professor or trip liaison on an excursion during the first two days the ship is docked in their home country (depending upon schedules and professor preference)

Students will benefits from an intercultural academic exchange experience to add to one’s resume/CV as well as have the opportunity to meet peers, experience a different type of university life and culture, and make connections with faculty in a variety of disciplines.

To find out more about our Bachelor of International and Sustainable Business, Call: 645-6700 ext. 200 or email: admissions@lokjackgsb.edu.tt


Procurement Risk and Business Continuity: A Convergence

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(CNN) A 6.0-magnitude earthquake shook Puerto Rico September 23rd striking off the coast of the island in the Atlantic Ocean. The quake hit about 49 miles north-northwest of Isabela, Puerto Rico, around 11:23 p.m. ET, according to the United States Geological Survey. The quake was felt in many other islands including, Bahamas, Haiti, Dominican Republic and more.

A 6.0 Earthquake near a critical drug manufacturing hub?

Single Point of Failures can happen at anytime, anyplace. On September 23rd a 6.0 quake occurred near Puerto Rico , a major drug manufacturing hub. It wasn’t long ago, 2017, when Hurricane Maria struck PR and disrupted the global supply of IV saline bags (did you know this?). Major faults run through a critical supply region. 49 pharmaceutical have FDA approved manufacturing facilities in PR alone. Baxter, Eli Lilly, J&J, Boston Scientific, Medtronic, ABC, and Cardinal are just a few that operate in the region. How at risk are your patients and how resilient is your supply chain?  A fellow risk practitioner, Gary Lynch, shared these interesting facts.

How wide a net do you cast when you look at emerging risks or when you undertake a “horizon scan” or do you  not do any of this?

Procurement is much more than Compliance. It involves and must consider, Force Majeure’s, Business Continuity, Disaster Preparedness, Operational risks, Financial risk, political risk et all.

In a very interconnected world, where many suppliers/vendors to your business are located regionally and internationally, how is it possible that you do not look at these risk types? Further, you must look at the risks that they, your suppliers are exposed to, even if you, as the procuring agency may not be exposed to said risk.

 

I respectfully submit that the complexity and agility of procurement risks must form part of your overall risk management methodology.

Ken Hackshaw – Lead Faculty for Professional Certificate in Enterprise Risk Management.

 

Venezuela: Financial, Operational, Culture, Political Risk Eventuated

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Eighteen months ago I asked the following question of an executive working in the financial sector and a very senior police officer:

Are you guys considering hiring Bi-lingual employees?

I would respectfully submit that Trinidad and Tobago should have been more prepared to treat with what has been happening over the last 2 weeks (e.g. registration of Venezuelans), if the decision makers were employing more risk based decision making such as: scenario planning/analysis and being more proactive and anticipatory.

One did not need a “crystal ball” to see what the possible scenarios and risks would have been and still is, arising out of the Venezuelan crisis.

Having said that, there are opportunities in any given crisis. The following questions therefore arises:

  • Have you and your institution conducted a risk and opportunity assessment on Venezuela and the Venezuelan migration?
  • Do you need to revisit/update our strategic plans?
  • What about your risk profile/risk appetite?
  • Have you met with your risk teams to chat about any NEW risk and opportunities around financial risk, legal, compliance, operational risk, HSE, demand risk, culture risk, disaster recovery and BCP?
  • What about our social services, not immediately but one year from now?

Trinidad and Tobago and by extension your organization has been/will be disrupted. A determination must now be made as to what is the extent of this disruption and measure/quantify both the constructive disruption element and the negative disruptive potential. 

The velocity and complexity of the risks we are exposed to is rising. How prepared are you ?

Ken Hackshaw – Lead Faculty for Professional Certificate in Enterprise Risk Management. Find out more about our Professional Certificate in Enterprise Risk Management at 868-645-6700 ext. 367

How safe is your IT Infrastructure?

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“So there is no reason for us to be overly concerned about an intentional attack on data.” National Security Minister Stuart Young

I respectfully disagree with the Honorable Minister: Given these “little events” there is reason to have some concern with respect to your data.

  • Have your organization ever conducted threat and vulnerability assessments of your facility, infrastructure and operations inclusive of your information technology systems?
  • How much due diligence have you done on the vendor you engaged for your IT systems?
  • How secure are the systems/applications said vendor(s) are using ?
  • And is your BCP  tested?

Cyber security, like risk management are buzzwords that are bandied about and discussed but apparently not actioned.

A riddle for you:

There are five executives in a meeting discussing cyber security. 3 of them have decided to enhance their IT security. How many have not enhanced their IT security?,,,,,,,,,,NONE

Decisions and agreements if not operationalized/implemented is just that….decisions and agreements. 

Decisions must be followed by actions.

The recent “infiltration” or hacking of the websites of state entities demonstrate, in my humble opinion, that there are players out there that have the capability to attack the technology infrastructure of institutions in Trinidad and Tobago, and if one extrapolates these events, there is nothing that prevents them from doing or attempting to do the same to organizations in the private sector. That said, the assumption maybe that these private organizations have MORE integrated IT security employed to protect themselves than the public sector. And many do.

In the last 3 months some US cities , like Baltimore and Albany (NY), where Ransomware was employed by hackers, totally shut down many critical sites that serves the public and  these cities were asked to pay a “ransom” to be allowed to regain access to their systems. Are we there yet? (Ransomware attacks use malware to lock out users unless the hackers get paid)

Is your organization sleepwalking into one crisis after another?

Let’s be careful out there.

Ken Hackshaw – Lead Faculty for Professional Certificate in Enterprise Risk Management. For more information on this professional certificate 868-645-6700 ext. 367

Relevance of Master of International Business to the Guyana Market

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       1. What is the relevance of the MIB programme to the Guyana market?             

Developments within the oil based sectors are redefining the Guyanese economy. As a result, an impending influx of multinational and international business opportunities is indisputable. Guyana’s economic integration and growth will deepen and it is imperative that the local workforce understand the complexity associated with maneuvering this complex and diverse global business landscape. If these skills are not developed, the country and its citizens are at risk for capturing only minimal benefits from its newfound natural resource wealth.

 

       2. What are the benefits of this programme?             

This programme will provide graduates with the skills and knowledge needed to function as key bridges for international business. As foreign businesses enter the local market, they require competent individuals that not only understand the local market, but are also knowledgeable the various facets of international business. Persons that are able to master both components will possess key competitive advantages over expatriate and regional labor.

                 

        3. Who should do this programme?    

This programme is suited for individuals interested in the global dimension of business and management. These persons should have a keen interest in working directly with (1) multinational enterprises, (2) local firms engaging or providing services to multinational enterprises (3) local firms interested in exploring foreign markets for growth or (4) local firms interested in leveraging global opportunities to drive local growth. Likewise, government officials charged with international trade and policy development will find this programme useful.

             

        4. What are the opportunities upon completion?

Persons completing this programme are well equipped to capitalize on opportunities within:

·        Subsidiaries of Multinational Enterprises interested in establishing local operations (Subsidiary liaisons, managers, brand and business development managers)

·         Local firms supporting foreign firms operation in Guyana (Supply chain executives)

·        Import and export associates/managers at local firms

·        Consultancy firms aiding foreign firms on market entry (Management analysts, International Business Consultants, Compliance officers)

·        Guyanese trade ministries and international policy units

 
To learn more about the Master of International Business, speak to an Academic Advisor at 868-645-6700 ext. 200 or email: admissions@lokjackgsb.edu.tt 

Amir Hosein, current student of the Master of International Business

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Meet Amir Hosein current student of the Master of International Business at Lok Jack GSB and Export Manager at S.M Jaleel and Company Limited. We’ve asked Amir for his feedback thus far on the master programme, see his responses below. 

Why did you choose to do the MIB program?

The MIB program is directly aligned with my current career path and currently not offered by any other institution. I saw it as an opportunity to expand my knowledge in the field of international business to more than just exporting. Upon completion, I aim to be a greater asset to my organization and a more versatile employee.

 

What is your experience thus far within the program?

The courses covered so far have been challenging but equally rewarding, matching practical experiences with sound business theories that I have already been able to apply in my current job. The semesters have been very intense but the work load is manageable and team work is a must to succeed.

 

Who should do this program?

This program will be rewarding to anyone who wants to expand a business overseas, or who works for a local business that operates outside of Trinidad and Tobago or someone who wants to attract new business from abroad. The MIB program will be beneficial to Managing Directors, Business Owners, Export Managers, Regional Managers, Commercial Managers and Marketing Managers.

 

How has this program impacted you professionally? 

It has made me more proficient in my current field as an Export Manager. I am able to make better decisions based on the knowledge acquired thus far.

 

For more information on the Master of International Business, call Ms. Kerry-Ann Jordan at 868-645-6700 ext. 200 or email: admissions@lokjackgsb.edu.tt 

 

 

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